{"id":55112,"date":"2014-06-03T22:04:07","date_gmt":"2014-06-03T14:04:07","guid":{"rendered":"http:\/\/techielobang.com\/blog\/?p=55112"},"modified":"2014-06-03T22:04:07","modified_gmt":"2014-06-03T14:04:07","slug":"dash-transforms-every-mobile-phone-into-an-atm","status":"publish","type":"post","link":"https:\/\/techielobang.com\/blog\/2014\/06\/03\/dash-transforms-every-mobile-phone-into-an-atm\/","title":{"rendered":"Dash transforms every mobile phone into an ATM"},"content":{"rendered":"<p>SingTel and Standard Chartered today announced Dash, a mobile money service that literally transforms your mobile phone into an ATM. You can now pay your friends easily and transact with over 20,000 acceptance points islandwide, including retail outlets, convenience stores, food courts and cafes (progressively in 2014).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"55113\" data-permalink=\"https:\/\/techielobang.com\/blog\/2014\/06\/03\/dash-transforms-every-mobile-phone-into-an-atm\/dash-singtel-standard-chartered\/\" data-orig-file=\"https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2014\/06\/dash-singtel-standard-chartered.jpg?fit=600%2C353&amp;ssl=1\" data-orig-size=\"600,353\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"dash-singtel-standard-chartered\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2014\/06\/dash-singtel-standard-chartered.jpg?fit=300%2C176&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2014\/06\/dash-singtel-standard-chartered.jpg?fit=600%2C353&amp;ssl=1\" class=\"aligncenter size-full wp-image-55113\" alt=\"dash-singtel-standard-chartered\" src=\"https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2014\/06\/dash-singtel-standard-chartered.jpg?resize=600%2C353\" width=\"600\" height=\"353\" srcset=\"https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2014\/06\/dash-singtel-standard-chartered.jpg?w=600&amp;ssl=1 600w, https:\/\/i0.wp.com\/techielobang.com\/blog\/wp-content\/uploads\/2014\/06\/dash-singtel-standard-chartered.jpg?resize=300%2C176&amp;ssl=1 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p><!--more--><\/p>\n<p>In the initial launch, a S$10 will be deposited to your Dash mCash. So, if you think that you can benefit from this service, sign up now. Here are some more information of the Dash service. PS: To make full use of it, download the app on iOS or on Android (search for Dash Singapore).<\/p>\n<h2>Dash Easy<\/h2>\n<p><b><i>A savings account linked seamlessly to a mobile cash (mCash) account<\/i><\/b><\/p>\n<ul>\n<li>Get a Dash Easy Savings Account and a Dash mCash Account with one easy application.<\/li>\n<li>Get 1% p.a. interest on your Dash Easy Savings Account with 10,000 #needsanupdate posts.\u00a0 Simply post what you think #needsanupdate on your Facebook, Twitter or Instagram account.\u00a0 There is no minimum initial deposit, minimum balance, fall-below fee or lock-in period.<\/li>\n<li>Top up from your Savings Account into your mCash account, and deposit money into your Savings Account, without queuing at the ATM or visiting the branch.<\/li>\n<li>Pay your friends with just a swipe to their mobile phone screens or choose from your contact list.<\/li>\n<li>Pay at more than 20,000 acceptance points in taxis and shops progressively rolled out in 2014, without the hassle of change or additional administrative fees.<\/li>\n<\/ul>\n<h2>Dash Advance<\/h2>\n<p><b><i>A personal loan on your mobile phone<\/i><\/b><\/p>\n<ul>\n<li>Apply for a personal loan entirely on the mobile without visiting a branch. The form allows customers to upload photos of their supporting documents, and lets them see their monthly repayment amount dynamically when they indicate the desired loan amount and repayment period.<\/li>\n<li>Get approval in principle in under 60 seconds.<\/li>\n<li>Get an advance of up to 4X monthly salary (or maximum S$200,000).<\/li>\n<li>Get interest rates as low as 4.98% p.a. (effective interest rate of 9.21%).<\/li>\n<\/ul>\n<h2>Dash Abroad<\/h2>\n<p><b><i>A unique customisable travel insurance plan<\/i><\/b><\/p>\n<ul>\n<li>Apply for travel insurance entirely on the mobile, with the flexibility to pick-and-choose\u00a0coverage options to meet your needs.<\/li>\n<li>Basic plan start from as low as S$20.<\/li>\n<li>Dash Abroad travel insurance is underwritten by ACE Insurance Limited.<\/li>\n<\/ul>\n<p><b><i>Additional rewards for Dash customers<\/i><\/b><\/p>\n<p>Dash customers with two or more products will enjoy additional SingTel benefits, such as priority queue at the SingTel shops and 10% off mobile accessories.<\/p>\n<p>To sign-up for the above products, simply download the Dash app or visit <a href=\"http:\/\/www.dash.com.sg\/\">www.dash.com.sg<\/a>.\u00a0 If you are a SingTel mobile customer, some of the fields in the form are pre-filled, thereby making it easier for you.<\/p>\n<p>To see more details on Dash products, visit <a href=\"http:\/\/www.dash.com.sg\/\">www.dash.com.sg<\/a><\/p>\n<p>Product Terms and Conditions apply.<\/p>\n<h2>Here are some of the Partners<\/h2>\n<ul>\n<li>7-Eleven<\/li>\n<li>ACE Insurance<\/li>\n<li>ComfortDelGro Taxi<\/li>\n<li>Food Republic<\/li>\n<li>KFC<\/li>\n<li>Koi Cafe<\/li>\n<li>Pizza Hut<\/li>\n<li>Prime Taxi<\/li>\n<li>SingTel canteen and lobby cafe<\/li>\n<li>SingTel Shop<\/li>\n<li>SMRT Taxi<\/li>\n<li>Sodexo<\/li>\n<li>Spinelli<\/li>\n<li>Watsons<\/li>\n<li>WingTai Retail<\/li>\n<\/ul>\n<p>From my personal experience, it is better that you sign up on a computer. I met with some difficulties using the app to sign up. Do note that by signing up, you are opening a Savings Account with Standard Chartered Bank. You will need a picture of your IC (front and back) and you must be able to access your CPF website (SingPass).<\/p>\n<h1><a href=\"http:\/\/dash.com.sg\/dash-products.html#dash-easy\" target=\"_blank\">Click Here to Sign Up Dash Now<\/a><\/h1>\n<p>Read the Press Release for more details.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Press Release<\/strong><\/span><\/p>\n<h2 style=\"text-align: center;\" align=\"center\">Dash transforms every mobile phone into an ATM<strong> <\/strong><\/h2>\n<p style=\"text-align: center;\" align=\"center\"><i>Revolutionary service lets customers download cash as easily as downloading an app<\/i><\/p>\n<p><b>Singapore, 3 June 2014 <\/b>\u2013 SingTel and Standard Chartered Bank today unveiled Dash, a ground-breaking mobile money service that revolutionises mobile commerce and banking.\u00a0 In a first-of-its-kind collaboration between a telco and a bank, Dash offers innovative solutions that update the way customers access, save or borrow money, make payments, and purchase insurance.<\/p>\n<p>At launch, Dash offers three innovative mobile money solutions:<\/p>\n<ol>\n<li><b><i>Dash Easy<\/i><\/b><i> <\/i>\u2013 a bundle of two accounts in one solution \u2013 a savings account seamlessly linked to a mobile cash account. Customers can download cash into their mobile phones to pay friends and businesses without the need to access an ATM.<i> <\/i><\/li>\n<li><b><i>Dash Advance <\/i><\/b>\u2013 a personal loan facility which customers can apply through their mobile phones, any time.<\/li>\n<li><b><i>Dash Abroad<\/i><\/b><i> <\/i>\u2013 a customisable mobile travel insurance service which offers customers the flexibility to pick and choose coverage options to meet their needs while on the go.<\/li>\n<\/ol>\n<p>At the heart of the service is the user-friendly Dash mobile app for Apple and Android smartphones that allows customers to sign up and access these solutions seamlessly.<\/p>\n<p>Mr Allen Lew, SingTel\u2019s CEO Group Digital Life, said: \u201cDash is centred round the lifestyle needs and habits of a mobile Internet generation who are used to downloading information and content on the go.\u00a0 With Dash, we are offering them an unprecedented experience by allowing cash to be downloaded into their phones as well.<\/p>\n<p>\u201cBut Dash is more than that; it is a suite of mobile money services which integrates three important components &#8211; mobile banking, mobile payments and mobile shopping.\u00a0 By bringing together players in the banking, telecommunications and retail sectors, we are able to deliver a differentiating experience for consumers in terms of convenience, ease of use and accessibility.\u00a0 We are pleased to partner Standard Chartered, as well as the myriad of partners on our platform, to make Dash available to every mobile user.\u201d<\/p>\n<p>Mr Som Subroto, Standard Chartered&#8217;s Regional Head of Retail Clients, ASEAN, said: \u201cAt Standard Chartered, we have three guiding principles when we develop a new product: It has to be relevant to the customer; it has to be secure and it has to be innovative. Dash is a great example. We are always seeking ways to make banking simpler and more convenient for them. As device sophistication and network speed have increased over the years, so have consumers\u2019 expectations of usability and service. We are delighted to have this opportunity to collaborate with SingTel, to conceptualise Dash and make banking even more convenient and relevant for everyone.<\/p>\n<p>\u201cDash harnesses the power of technology and analytics to make the customer experience more intuitive, seamless and delightful, while ensuring that transactions remain safe, secure and confidential. This is just the beginning and I am excited to see how Dash will evolve.\u201d<\/p>\n<p><b>Dash updates the way you access money<\/b><\/p>\n<p>Available to subscribers of all local mobile operators, Dash Easy is the first solution of its kind in Singapore that allows customers to download cash from a savings account directly into their mobile phones to pay friends and businesses.\u00a0 Customers no longer have to queue at ATMs to withdraw money.<\/p>\n<p><b>Dash updates the way you pay friends<\/b><\/p>\n<p>Dash Easy reinvents the way person-to-person payments are made, through a unique, \u00a0patent-pending technology that mimicks physical cash transfer.\u00a0 With a swipe, customers can instantly transfer money from their phone to their friends\u2019 phones, making it as reassuring as handing over cash itself.\u00a0 Alternatively, transfers can be made to anyone in their contact list.<\/p>\n<p><b>Dash updates the way you pay for goods and services<\/b><\/p>\n<p>Dash has partnered retail industry leaders to create a vibrant, next-generation mobile commerce community.\u00a0 With Dash Easy, customers can make secure payments at more than 20,000 acceptance points islandwide, including retail outlets, convenience stores, food courts and cafes, progressively rolled out in 2014.\u00a0 Customers will also be able to pay for their Comfort, SMRT and Prime taxi fares, without the usual administrative fees.\u00a0 To ensure that payments are secure, seamless and fast, Dash uses a patent-pending technology that integrates the mobile device with the merchants\u2019 point of sale systems.<b><br \/>\n<\/b><\/p>\n<p><b>Dash updates the way you save<\/b><\/p>\n<p>Dash is the first mobile financial service in Singapore where customers are invited to be co-creators. For example,<b> <\/b>customers play an active role in determining the interest rate of Dash Easy Savings Account by participating in a unique social media promotion. By including the #needsanupdate hashtag on Facebook, Twitter or Instagram posts, customers can bump up the interest rate on their account to one per cent per annum.<\/p>\n<p><b>Dash updates the way you borrow money and buy travel insurance<\/b><\/p>\n<p>With Dash Advance, customers can use the Dash app to apply for personal loans without having to visit a branch or speak to a bank officer. Dash Abroad offers a unique customisable travel insurance plan that gives customers the flexilibity to pick-and-choose coverage options to meet their needs.<\/p>\n<p><b>Many more updates to come<\/b><\/p>\n<p>Dash features will be regularly updated and enhanced, and customers can look forward to more exciting products, features and payment acceptance points in the coming months. They can submit their suggestions on new app features and enhancements via the Dash website, as well as recommend the businesses to be added to the list of supported partners.<\/p>\n<p><b>Signing up is easy<\/b><\/p>\n<p>Customers do not need to visit a bank branch or print copies of their NRIC, as all necessary personal details and documentation can be uploaded through the app.\u00a0 For a limited time, customers will receive a complimentary S$10 welcome bonus, ready to be used, upon the successful sign up and opening of the Dash mobile cash account.<\/p>\n<p>For more information, please visit <a href=\"http:\/\/www.dash.com.sg\">www.dash.com.sg<\/a><\/p>\n<p><b>About SingTel<\/b><\/p>\n<p>SingTel is Asia&#8217;s leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and Internet platforms, as well as infocomm technology and pay TV. The Group has presence in Asia, Australia and Africa with over 515 million mobile customers in 25 countries, including Bangladesh, India, Indonesia, the Philippines and Thailand.<\/p>\n<p>For more information about SingTel, please visit <a href=\"http:\/\/www.singtel.com\">www.singtel.com<\/a><\/p>\n<p><b>About Standard Chartered Bank<\/b><\/p>\n<p>Standard Chartered in Singapore is part of an international banking group with more than 86,000 employees and a 150-year history in some of the world\u2019s dynamic markets.\u00a0 We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.<\/p>\n<p>Standard Chartered has a history of 155 years in Singapore, opening its first branch here in 1859 and in October 1999 was among the first international banks to receive a Qualifying Full Bank (QFB) license, an endorsement of the Group\u2019s long-standing commitment to its businesses in the country.<\/p>\n<p>The Bank transferred its Singapore Retail and SME business to a locally-incorporated subsidiary, Standard Chartered Bank (Singapore) Limited on 7 October 2013.<\/p>\n<p>The Bank in Singapore serves both retail and corporate customers. It provides credit cards, personal loans, auto loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. The Bank also provides corporate and institutional clients with services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance.<\/p>\n<p>The Bank employs over 7,400 people in Singapore and has a network of 19 branches, 8 Priority Banking centres and 31 ATMs. Standard Chartered is the only international bank to offer NETS service, giving its customers access to EFTPOS at over 17,000 outlets island-wide.<\/p>\n<p>The Bank\u2019s global business is managed out of Singapore, as is its global Technology &amp; Operations function.<\/p>\n<p>[ad#img]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SingTel and Standard Chartered today announced Dash, a mobile money service that literally transforms your mobile phone into an ATM. 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